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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Empowered Exxaro takes yet another renewables leap with major wind, solar deal

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The commitment of one of the largest black-empowered businesses listed on the Johannesburg Stock Exchange (JSE) to transition towards a low-carbon future while continuing to meet current energy demands through coal operations took a major leap forward on Thursday through a 213 MW combined wind and solar renewable energy acquisition and maintenance transaction. In yet another iteration of the commitment to power possibility through a just and inclusive energy transition, JSE-listed Exxaro Resources, through its wholly owned Cennergi subsidiary established in 2012, has entered into binding agreements with Acciona Energía to acquire majority interests in two fully operational renewable-energy assets.

Tax, policy gap stands between automotive manufacturing goals and reality

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The South African Automotive Masterplan 2035 and the Automotive Production Development Programme (APDP) both aim to grow the local automotive manufacturing industry, but the country's vehicle tax structures and import duties do not support these plans. South Africa's automotive policy includes tariffs, production incentives, volume assembly localisation allowances, an automotive investment scheme and a package of support for the industry, industry experts noted during the 'Strengthening South Africa’s Automotive Competitiveness' webinar hosted by Creamer Media on November 26.

Cell C makes debut on JSE

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Cell C Holdings has listed on the JSE, under the ticker CCD, marking a defining milestone in South Africa’s telecommunications landscape and opening a new chapter in the company’s turnaround journey. The listing closed at R26.50 a share, valuing the business at about R9-billion with 340-million ordinary shares in issue.

Icasa approves Vodacom, Maziv deal

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The Independent Communications Authority of South Africa (Icasa) has approved telecommunications group Vodacom’s acquisition of a 30% interest in Maziv. All other conditions precedent have been met, with the transaction implementation date set at December 1.
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